I will be frequently trading intraday equity. Currently, I have Demat and trading account in ICICI Bank but the brokerage charges are very high both for intraday and delivery.
Currently, I am planning to open an account in Trade Smart Online which has very low brokerage charges compared to ICICI.
Please let me know your opinion on Smart Trading Online? Suggest the best trading and Demat account with low brokerage charges.
Satish-There are many brokers in India which offers competitive price. But do remember that selecting a broker not depends ONLY on the charges, but the facility and service point. Hence, if you are frequent trader then why can’t you negotiate with ICICI itself to lower the brokerage? If they not then go for existing big brokers like Sharekhan, India Infoline or some other big players, who also provide competitive price.
Suggest you to go through my earlier post on this issue and link is provided below.